You Would Like to Sell 100 Shares of Pfizer, Inc

question 76

Multiple Choice

You would like to sell 100 shares of Pfizer, Inc. (PFE) . The current bid and ask quotes are $27.22 and $27.25, respectively. You place a limit sell-order at $27.24. If the trade executes, how much money do you receive from the buyer?

• A) $2,722.00
• B) $2,724.00
• C) $2,725.00
• D) $5,446.00

---

Definitions:

Output Effect

Output Effect is the impact on total production or output when a firm adjusts its resources, such as labor or capital, in response to changes in market conditions.

Substitute Resource

A resource or product that can be used in place of another to fulfill a similar function or need.

Marginal Revenue Product Curve

A graphical representation showing how the revenue generated from selling an additional unit of a good or service changes as more units are produced.

Purely Competitive Seller

A firm operating in a market where it must accept the prevailing market price and cannot influence it.